General Motors Company is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the title to Toyota in 2008. The current price of GM as of 2nd January 2026 is $81.32 and well above its 40 week rising moving average of 58.63.
Although the performance of this stock has been outstanding over the past two years, the technical picture suggests that we are entering a phase of bullish exhaustion. The choppiness index stands around the panic area of 30 and the MACD-V indicator is at +204, the highest level for the past 5 years. The 14 week relative strength index is at an overbought level of 82%. The Fibonacci 38.2% upside projection target price of $87.41, based on the $ 14.325 to $67.21 range traded between March 2020 and January 2022 can be regarded as an excellent level to take profits on long positions.
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